Is Fortescue Future Industries listed on the ASX?

Here's how to get a slice of Fortescue Future Industries on the ASX.

| More on:
A miner in visibility gear and hard hat looks seriously at an iPad device in a field where oil mining equipment is visible in the background.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Fortescue Future Industries is the talk of the ASX today, but market watchers may be disappointed to learn they can't invest directly into the company.

There is a way to get a slice of Fortescue Future Industries in your portfolio, however. It involves buying shares in the parent company, Fortescue Metals Group Limited (ASX: FMG), which is trading more than 3% higher at the time of writing.

But first, let's take a closer look at the future.

What is Fortescue Future Industries?

According to Fortescue Metals, its new subsidiary Fortescue Future Industries is the face of its hydrogen-powered ambitions and a key component in its plan to reach carbon neutrality by 2030.

Fortescue Future is working to establish a portfolio of renewable hydrogen and ammonia operations and aims to be a leader in the world's renewable hydrogen industry.

Further, it plans to produce 15 million tonnes of green hydrogen each year by 2030. The hope is that green hydrogen will be the most traded seaborne energy commodity in the world by then.

How to invest in Fortescue Future Industries on the ASX

While investors can't buy into Fortescue Future Industries directly, a holding in Fortescue Metals — the world's fourth largest iron ore producer — will grant them some exposure to the business.

This includes Fortescue Future's newly announced Global Green Energy Manufacturing Centre.

According to a release out today, the first stage of the Global Green Energy Manufacturing Centre will see the development of Australia's first multi-gigawatt-scale electrolyser factory. Electrolysers can remove hydrogen from water and, if run on renewable energy, can produce 'green' hydrogen – a zero-carbon fuel source.

It appears investors may be interested in Fortescue Future Industries' new hydrogen investment. The Fortescue Metal share price is up 3.65% trading at $14.77 at the time of writing.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Resources Shares

Three satisfied miners with their arms crossed looking at the camera proudly
Resources Shares

Why are ASX 200 mining shares smashing the benchmark on Wednesday?

Rio Tinto, BHP and Fortescue shares are all charging higher today.

Read more »

Two miners standing together.
Resources Shares

Why is the South32 share price getting battered today?

ASX 200 investors are bidding down South32 shares today.

Read more »

Miner with thumbs up at mine
Share Gainers

If you'd put $20,000 in this ASX 200 mining stock 5 years ago, you'd have $278,000 now

No one cared when nothing was going wrong. But then a global pandemic, a war in Europe, and a war…

Read more »

Miner looking at a tablet.
Resources Shares

Buying BHP shares? You'll want to read this

BHP has come under pressure in 2024 amid a sharp fall in iron ore prices.

Read more »

Two miners standing together with a smile on their faces.
Resources Shares

Broker names 2 of the best ASX mining shares to buy (with 40% to 50% upside)

Bell Potter rates these miners as top buys.

Read more »

Three miners wearing hard hats and high vis vests take a break on site at a mine as the Fortescue share price drops in FY22
Opinions

3 ASX 200 mining shares to buy now with less than $1,000

I think all three of these ASX shares could enjoy an unexpected rebound in 2024.

Read more »

a mine worker holds his phone in one hand and a tablet in the other as he stands in front of heavy machinery at a mine site.
Resources Shares

Fortescue shares retreat to fresh 2024 low as iron ore breaks below US$100 per tonne

It's been an awful start to the week for Fortescue stock.

Read more »

mining hat on lumps of coal representing mineral resources share price
Resources Shares

Where will Fortescue shares be in 3 years?

Is the next three years going to be exciting for Fortescue?

Read more »